|
The EURJPY still bearish – Analysis – 5-10-2021
Despite the EURJPY price’s positive rebound and touching 129.37 level, the main stability below the bearish channel’s resistance towards 129.60 confirms the continuation of the negativity for the upcoming period.
Also, stochastic crawl towards the oversold areas will increase the negative pressures, to force the price to form new negative trades and expect moving towards 128.05, to press on the additional support that appears on the chart.
The expected trading range for today is between 129.55 and 128.05
The expected trend for today: Bearish
The GBPJPY moves away from the support – Analysis – 5-10-2021
The GBPJPY pair formed bullish rally yesterday, taking advantage of the bullish channel’s support line stability near 149.50, to notice achieving some targets by reaching 151.50, attacking the moving average 55 that formed an obstacle against the bullish trades recently.
MorePlatinum awaits the negative momentum – Analysis – 5-10-2021
Platinum price provided some negative trades yesterday by touching 946.00, to keep its stability within the main bearish channel, as the stability of the key resistance 987.00 and stochastic attempt to provide the negative momentum allow us to keep our bearish overview that might target 905.00 initially.
MoreNo news for copper price – Analysis – 5-10-2021
Copper price didn’t move since yesterday, due to the contradiction between stochastic against the moving average 55 formation to additional barrier at 4.2600, to continue providing sideways trades as appears on the chart.
More